First Majestic Silver Corp. (TSE:AG) Receives Consensus Recommendation of “Buy” from Brokerages

First Majestic Silver Corp. (TSE:AG – Get Free Report) has been given a consensus rating of “Buy” by the six ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$30.40.

Separately, ATB Cormark Capital Markets upgraded First Majestic Silver from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$36.00 to C$37.00 in a research report on Friday, July 10th.

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First Majestic Silver Stock Up 1.5%

AG stock opened at C$26.91 on Tuesday. First Majestic Silver has a 52 week low of C$14.42 and a 52 week high of C$43.69. The firm has a market capitalization of C$13.26 billion, a P/E ratio of 38.44 and a beta of 2.94. The company has a fifty day simple moving average of C$26.37 and a two-hundred day simple moving average of C$27.01.

First Majestic Silver (TSE:AG – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported C$0.30 earnings per share for the quarter. The firm had revenue of C$590.33 million for the quarter. First Majestic Silver had a net margin of 21.09% and a return on equity of 12.27%. As a group, analysts anticipate that First Majestic Silver will post 0.4623323 EPS for the current year.

First Majestic Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 31st were paid a $0.0152 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 14th. First Majestic Silver’s dividend payout ratio (DPR) is presently 5.06%.

First Majestic Silver Company Profile

(Get Free Report)

First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.

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